Compare all financing options for a $57,000 solar carport ($38,900 after credits), 5-year term.
| Option | APR | Monthly | Total Cost | Interest Paid | Highlight |
|---|---|---|---|---|---|
| Solar Loan 3% APR | 3.0% | $699/mo | $41,939 | $3,039 | Best overall |
| Solar Loan 6% APR | 6.0% | $752/mo | $45,123 | $6,223 | Common rate |
| HELOC 8% APR | 8.0% | $789/mo | $47,325 | $8,425 | Tax deductible |
| Cash Purchase | 0.0% | $648/mo | $38,900 | $0 | Lowest total cost |
$699/mo
$41,939 total · $3,039 interest
$752/mo
$45,123 total · $6,223 interest
$789/mo
$47,325 total · $8,425 interest